S&P 500 jumps on optimism, Dow Jones gains 317 points, NASDAQ up 1.4% on tech strength.

From Financial Modeling Prep: 2025-06-17 06:49:00

The S&P 500 surged on hopes of easing Iran-Israel tensions and a potential dovish shift by the Federal Reserve. The Dow Jones gained 317 points, the S&P 500 rose 1%, and the NASDAQ climbed 1.4% on tech stock strength.

Reports of a possible Iran-Israel ceasefire initially boosted market sentiment, despite Tehran’s denial. Oil prices fell as geopolitical risks eased, supporting a risk-on mood among investors.

All eyes are on the Federal Reserve’s upcoming policy meeting for hints of future rate cuts. With inflation slowing and economic indicators softening, investors are looking for clues on the Fed’s stance moving forward.

The G7 summit may see tensions over Trump’s tariffs on allies, potentially leading to retaliatory measures. U.S. manufacturing data could impact market volatility based on domestic industrial activity strength.

In corporate news, Roku surged on a partnership with Amazon Ads, while US Steel gained on a merger approval. Sarepta Therapeutics faced a decline after news of a second patient death related to its gene therapy Elevidys.



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